MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) Director Emanuel R. Pearlman acquired 1,000 shares of the stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $13.09 per share, with a total value of $13,090.00. Following the completion of the purchase, the director now owns 2,000 shares of the company's stock, valued at approximately $26,180. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
MidCap Financial Investment Stock Down 2.2 %
MFIC traded down $0.28 on Tuesday, hitting $12.42. The company had a trading volume of 1,304,375 shares, compared to its average volume of 373,807. MidCap Financial Investment Co. has a 52-week low of $12.26 and a 52-week high of $16.37. The firm has a market capitalization of $1.16 billion, a P/E ratio of 7.96 and a beta of 1.49. The stock has a fifty day simple moving average of $13.80 and a 200-day simple moving average of $13.68. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51.
MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $82.16 million for the quarter, compared to analysts' expectations of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. As a group, equities analysts expect that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.
MidCap Financial Investment Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.52 annualized dividend and a dividend yield of 12.24%. MidCap Financial Investment's payout ratio is currently 116.03%.
Analyst Upgrades and Downgrades
MFIC has been the topic of a number of research analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company decreased their target price on MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, MidCap Financial Investment currently has an average rating of "Moderate Buy" and a consensus price target of $14.60.
Read Our Latest Report on MidCap Financial Investment
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Shufro Rose & Co. LLC purchased a new stake in shares of MidCap Financial Investment in the fourth quarter worth $599,000. United Advisor Group LLC boosted its stake in MidCap Financial Investment by 1.9% in the 4th quarter. United Advisor Group LLC now owns 247,778 shares of the company's stock worth $3,343,000 after purchasing an additional 4,547 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in MidCap Financial Investment during the 4th quarter valued at about $1,215,000. Kingstone Capital Partners Texas LLC bought a new stake in MidCap Financial Investment during the 4th quarter valued at about $156,000. Finally, ProShare Advisors LLC raised its holdings in MidCap Financial Investment by 63.7% in the fourth quarter. ProShare Advisors LLC now owns 18,141 shares of the company's stock worth $245,000 after buying an additional 7,062 shares during the last quarter. Institutional investors own 28.45% of the company's stock.
MidCap Financial Investment Company Profile
(
Get Free Report)
MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.
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